Northwestern Mutual Wealth Management Co. Buys 34,327 Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,417 shares of the company’s stock after purchasing an additional 34,327 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.73% of First Trust RBA American Industrial Renaissance ETF worth $9,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 2.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,521 shares of the company’s stock valued at $609,000 after acquiring an additional 275 shares during the last quarter. Lokken Investment Group LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.6% in the 4th quarter. Lokken Investment Group LLC now owns 51,923 shares of the company’s stock worth $3,003,000 after buying an additional 1,294 shares in the last quarter. VitalStone Financial LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 11.2% in the 4th quarter. VitalStone Financial LLC now owns 6,613 shares of the company’s stock worth $382,000 after buying an additional 667 shares in the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 9.4% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 21,814 shares of the company’s stock worth $1,262,000 after buying an additional 1,870 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 9.6% during the 4th quarter. Harbour Investments Inc. now owns 93,590 shares of the company’s stock valued at $5,413,000 after buying an additional 8,198 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $74.07 on Wednesday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The stock has a 50 day moving average price of $71.23 and a 200-day moving average price of $69.11. First Trust RBA American Industrial Renaissance ETF has a one year low of $46.71 and a one year high of $75.92.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.0419 dividend. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.17 dividend on an annualized basis and a yield of 0.23%.

About First Trust RBA American Industrial Renaissance ETF

The First Trust RBA American Industrial RenaissanceTM ETF (AIRR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector. AIRR was launched on Mar 10, 2014 and is managed by First Trust.